DIVERSIFICATION WILL LEAD TO NEW STRATEGIC ALLIANCES BETWEEN QATAR AND SOUTH KOREA

Doha Bank hosted a Knowledge Sharing Session on “Changing Global Dynamics and Opportunities” on Thursday the 16th February 2017 from 6.30 pm at Lotte Hotel, Seoul, South Korea.

H.E Mr. Kim Jin-Soo, Secretary General, Korea Arab Society attended the event. The event also witnessed participation from Qatar embassy, Oman embassy and Kuwait embassy in Seoul, South Korea. The top executives from major Domestic banks and MNC banks in South Korea participated in the event. Senior officials from all major corporates in South Korea also attended the event. The Welcome Speech was given by Dr. LIM, Se Hee, Director General, International Cooperation Department, Financial Supervisory Service.

In his Keynote Speech Dr. R. Seetharaman, CEO of Doha Bank gave insight on global economy. He said “According to IMF Jan 2017 global growth is expected to be at 3.1 percent. Advanced economies are now projected to grow by 1.9 percent in 2017. Emerging and Developing economies growth is currently estimated at 4.5 percent for 2017. We need to anticipate what policy shifts could do for the world’s economic outlook. There are risks associated with political uncertainty, trade frictions and adverse effects of a rising dollar. The capital rules for Banking sector are getting redefined and the financial markets are getting more volatile on account of the changing dynamics. Contentious issues are coming between developed and developing world on global trade and investment. The lack of convergence between politics and economics could impact global growth.”

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